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Jun 30, 2024
Airbnb Q2 2024 Earnings Report
Expected Revenue:$2.71B
+10.5% YoY
Expected EPS:$0.897
100.0% YoY
Key Takeaways
Airbnb's Q2 2024 demonstrated strong financial performance with revenue increasing by 11% year-over-year to $2.75 billion. Net income reached $555 million, representing a 20% net income margin. The company generated $1.0 billion in free cash flow. Nights and Experiences Booked increased by 9% year-over-year, reaching 125.1 million.
Revenue increased 11% year-over-year to $2.75 billion, driven by growth in nights and experiences booked.
Net income was $555 million, representing a 20% net income margin.
Free cash flow was $1.0 billion, up 16% year-over-year.
Nights and Experiences Booked increased 9% year-over-year to 125.1 million.
Airbnb
Airbnb
Airbnb Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comLatin America Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
For Q3 2024, Airbnb expects revenue between $3.67 billion and $3.73 billion, representing year-over-year growth of 8% to 10%. Adjusted EBITDA is expected to approximate Q3 2023, with a slightly lower Adjusted EBITDA Margin. Full-year 2024 Adjusted EBITDA is expected to grow on a nominal basis with a margin of at least 35%.
Positive Outlook
- Revenue is expected to be between $3.67 billion and $3.73 billion, representing 8% to 10% year-over-year growth.
- Implied take rate is anticipated to be higher year-over-year due to booking timing and cross-currency transaction fees.
- Latin America and Asia Pacific are expected to continue as the fastest-growing regions.
- ADR is expected to increase modestly on a year-over-year basis.
- Full-year Adjusted EBITDA is expected to grow on a nominal basis with a margin of at least 35%.
Challenges Ahead
- A modest foreign exchange headwind is expected.
- Sequential moderation in the year-over-year growth of Nights and Experiences Booked is anticipated relative to Q2 2024.
- Shorter booking lead times are being observed globally.
- There are some signs of slowing demand from U.S. guests.
- Adjusted EBITDA Margin is expected to decline relative to Q3 2023 due to increased marketing expenses.
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Key Statistics
Market Cap
$72.4B
P/E Ratio
28.58
Sector
Consumer Services
Industry
Hotels Or Resorts Or Cruiselines
52-Week High
$161
52-Week Low
$106
Nights & Seats Booked
125.1M
Gross Booking Value
$21.2B
Average Daily Rate
$170